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Fortitude Group (Fortitude Group) Goodwill-to-Asset : 0.00 (As of Sep. 2010)


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What is Fortitude Group Goodwill-to-Asset?

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. Fortitude Group's Goodwill for the quarter that ended in Sep. 2010 was $0.00 Mil. Fortitude Group's Total Assets for the quarter that ended in Sep. 2010 was $0.23 Mil.


Fortitude Group Goodwill-to-Asset Historical Data

The historical data trend for Fortitude Group's Goodwill-to-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Fortitude Group Goodwill-to-Asset Chart

Fortitude Group Annual Data
Trend Dec00 Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09
Goodwill-to-Asset
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Fortitude Group Quarterly Data
Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10
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Competitive Comparison of Fortitude Group's Goodwill-to-Asset

For the Asset Management subindustry, Fortitude Group's Goodwill-to-Asset, along with its competitors' market caps and Goodwill-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Fortitude Group's Goodwill-to-Asset Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Fortitude Group's Goodwill-to-Asset distribution charts can be found below:

* The bar in red indicates where Fortitude Group's Goodwill-to-Asset falls into.



Fortitude Group Goodwill-to-Asset Calculation

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets.

It is calculated by dividing goodwill by total assets.

Fortitude Group's Goodwill to Asset Ratio for the fiscal year that ended in Dec. 2009 is calculated as

Goodwill to Asset (A: Dec. 2009 )=Goodwill/Total Assets
=0/1.056
=

Fortitude Group's Goodwill to Asset Ratio for the quarter that ended in Sep. 2010 is calculated as

Goodwill to Asset (Q: Sep. 2010 )=Goodwill/Total Assets
=0/0.226
=

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Fortitude Group  (OTCPK:FRTD) Goodwill-to-Asset Explanation

If the goodwill-to-asset ratio increases, it can mean that the company is recording a proportionately higher amount of goodwill, assuming total assets are remaining constant. It is generally good to see a company increasing its assets regularly; however, if these increases are coming from intangible assets, such as goodwill, the increases may not be as good.

Increases in the goodwill-to-asset ratio might suggest that a company has been aggressively acquiring other firms or has seen its tangible assets decrease in value. When a large portion of total assets are attributable to intangible assets (such as goodwill), the company may be at risk of having that portion of its asset base wiped out quickly if it must record any goodwill impairments. Decreases in the goodwill-to-assets ratio suggest that the company has either written down some goodwill or increased its tangible assets.

Asset needs vary from industry to industry. This is why comparing goodwill-to-assets ratios is generally most meaningful among companies within the same industry. By comparing a company's goodwill to assets ratio to those of other companies within the same industry, investors can get a feel for how a company is managing its goodwill.


Fortitude Group Goodwill-to-Asset Related Terms

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Fortitude Group (Fortitude Group) Business Description

Traded in Other Exchanges
N/A
Address
1001 State Street, Erie, PA, USA, 16501
Fortitude Group Inc is a diversified investment company. It invests in multiple sectors of the economy targeting joint ventures, wholly owned subsidiaries and or majority/minority positions that cross various market segments with the goal of creating a quality company that builds intrinsic value for its shareholders.

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